Internet Conglomerate IAC Hires NFL Executive as CFO

Mr. Halpin’s new role at IAC takes effect on Jan. 26, the New York-based company said in a statement Wednesday. He is currently chief strategy and growth officer at the NFL, responsible for business planning and international expansion as well as managing the league’s strategy for legalized sports betting.

Mr. Halpin joined the NFL in 2013 and held senior roles in the league’s consumer products and media businesses before taking on his current role in 2018.

Mr. Schiffman left IAC last summer after about five years as finance chief to become CFO of Fanatics Inc., a sports-merchandise retailer.

IAC’s portfolio of businesses includes publicly traded Angi Inc., a home-improvement marketplace, as well as several media brands, online marketplaces and internet-search companies. Joey Levin, IAC’s chief executive, said Mr. Halpin understands a range of emerging technologies and business models. “Chris will be a tremendous asset as we embark on yet another chapter of growth,” Mr. Levin said in the statement.

IAC generated $924.1 million in revenue during the quarter ended Sept. 30, up 30% from the prior-year period. The company earned $61 million during the quarter, compared with $185.9 million in the year-earlier period. Angi generated about half of the company’s revenue during the quarter.

IAC’s portfolio of companies has changed over the past year. The company in May 2021 spun off online video platform Vimeo Inc. Last month, IAC acquired magazine publisher Meredith Corp.—whose brands include People, Real Simple and Better Homes & Gardens—for about $2.7 billion.

IAC in August 2020 bought a 12% stake in MGM Resorts International. The company, in addition to operating casinos and hotels, generates revenue from online betting through BetMGM, a joint venture with British gambling company Entain PLC.

IAC declined to make Mr. Halpin available for an interview.

Write to Kristin Broughton at [email protected]